House prices in Kingston have gone up by the largest amount since October 2007 between May and June.

The market had been on the slide since the recession began to hit the sector in April last year, with Nationwide recording the first annual fall in house prices for 12 years at the time.

But the first green shoots of recovery may now be here, with the average cost of a home in Kingston jumping by more than £2,500 to a level of £266,961 according to the Land Registry.

A similar - albeit smaller - trend was recorded nationwide, with the June increase of 0.1 per cent the first time a monthly change has been positive in 18 months.

The greatest monthly rise was felt across London, with a movement of 2 per cent shifting the average property price in the capital to just over £301,000.

Prices in the borough are still well down on 12 months previous, however, which saw the average house price in Kingston standing at £327,072.

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